Form 4: FiscalNote Director Keith Nilsson Acquires Shares as Compensation

Director Keith Nilsson of FiscalNote Holdings, Inc. received 9,523 shares of Class A Common Stock as compensation for his service as a non-management director.

Summary

• Keith Nilsson, a director at FiscalNote Holdings, Inc., acquired 9,523 shares of Class A Common Stock on December 2, 2024.
• These shares were granted as compensation for his service as a non-management director, in lieu of a quarterly cash retainer.
• Following this transaction, Mr. Nilsson directly owns 724,998 shares of Class A Common Stock.
• Mr. Nilsson also has indirect ownership of a significant number of shares through various entities, including Xplorer Capital Fund III L.P., XC FiscalNote-B, LLC, Xplorer Capital Fund III GP, LLC, XC FiscalNote-C, LLC, and XC Continuation Fund I, LLC.
• The total indirect holdings amount to 5,746,077 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of a director receiving equity compensation, which is generally viewed positively as it aligns interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The compensation structure aligns director interests with shareholder value.

Industry Context

This type of transaction is common for directors of publicly traded companies, where equity compensation is often used to align their interests with those of shareholders.

Comparison to Industry Standards

• Equity compensation for non-management directors is a standard practice across publicly listed companies.
• The number of shares granted is not unusual for a director's compensation package, but the specific value would depend on the company's share price and compensation policies.
• Companies like Workday, Salesforce, and ServiceNow also use equity grants as part of their director compensation packages.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates

Keywords

FiscalNote Holdings, Keith Nilsson, Class A Common Stock, Director Compensation, Beneficial Ownership, SEC Form 4, Share Acquisition